France, India Close to Agreeing $6Bn Deal for Six Additional Submarines: Report

India's state-owned Mazagon Dock Shipbuilders is building six Scorpene-class submarines under French license, under and the two governments are nearing agreement on a follow-on deal for six additional boats valued at $6 billion. (India MoD photo)

BHUBANESWAR, India --- India received three more French fighter jets on Wednesday, and a deal for French submarines might not be far behind as the European and South Asian nations find they share a commitment to Indian Ocean security.

The submarines would come from French shipbuilder Naval Group, which "will formulate an offer that goes very far in the Make in India direction," said a source familiar with the company's preparation for the submarine procurement tender under the Indian Navy's P75I category.


The source spoke of talks between French Defense Minister Florence Parly and her Indian counterpart, Rajnath Singh, in September. The meeting, in New Delhi, covered Indo-French defense cooperation and procurement contracts, including "ongoing ones as well as possible future prospects," the source said. "One of these is the P75I submarines tender."

The tender is to build six stealth submarines with air-independent propulsion technology that would have a longer submerged range than subs already being shipped to the Indian Navy.

The deal, expected to be finalized sometime next year, is valued at 420 billion rupees ($5.6 billion), according to Harsh V Pant, chief of the Strategic Studies Programme, Observer Research Foundation.

Naval Group is currently working with India's state-owned Mazagon Dock Shipbuilders to deliver six Kalvari submarines that are valued at a combined 230 billion rupees ($3.13 billion). Two of these have already been launched, two are undergoing sea trials and two are under construction. (end of excerpt)

Click here for the full story, on the Nikkei website.

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France, India Close to Agreeing $6Bn Deal for Six Additional Submarines: Report France, India Close to Agreeing $6Bn Deal for Six Additional Submarines: Report Reviewed by Unknown on 05:46:00 Rating: 5

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